Ok, so I am in an upper level accounting class and for the life of me cannot figure out this problem. If there are any accountants out there that could lend me a hand, that would be great!

On january 1, 2001, Ben Corp. issued $600,000 of 5% ten year bonds at 103. Ben recorded amortization using the straight-line method (i.e., the amount is considered immaterial). On Dec. 31, 2005, when the fair value of the bonds was 98, Ben repurchased $300,000 of bonds in the open market at 97. Ben has an effective income tax rate of 20%. Ben has recorded interest and amortization for 2005. Ben should record this retirement as follows.

I just need to make the journal entry for the retirement of the bonds....